Judge halts Elon Musk-Twitter litigation to allow time to finance $44bn takeover

Judge halts Elon Musk-Twitter litigation to allow time to finance $44bn takeover

If the deal does not close by 28 October, a November trial will be scheduled

A Delaware judge has postponed the Twitter v Elon Musk trial in order to give the Tesla chief executive time to complete his proposed $44bn takeover of the social media platform.

The litigation was halted until 28 October to allow both parties to close the transaction, after Musk said he needed time to put together the funds for the deal. Judge Kathaleen McCormick said if the deal did not close by her deadline the parties were to contact her to schedule a November trial.

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